Last year finished with a flurry of hospice transactions, with private equity groups continuing to show ample interest in the space. Overall, there were at least 23 hospice-related deals in 2021’s fourth quarter, according to a recently released report from M&A advisory firm Mertz Taggart. That total is on par with the 23 that came […]
South Carolina-headquartered Agape Care is steaming forward with its plans for multi-state expansion with the acquisition of Lanier Hospice in Georgia for an undisclosed sum. The deal extends Agape’s footprint to 98 Georgia counties, covering 65% of the state. Agape is a portfolio company of the private equity firm Ridgemont Equity Partners, which last October […]
St. Croix Hospice continues to grow, now with a new location in Baxter, Minn. This is the company’s sixth de novo in 2021, following an additional seven that opened during 2020. St. Croix is backed by the private equity firm H.I.G. Capital, which acquired the hospice provider last year from the Vistria Group for an […]
In a changing payment and regulatory environment, hospices are zeroing in on factors such as data collection, effective revenue cycle management and electronic medical record (EMR) interoperability. Providers that are leveraging technology to achieve these aims need to implement these systems carefully, including education for staff, according to Jennifer Maxwell, CEO and co-founder of Maxwell […]
Favorable demographics and rising demand are attracting a range of investors to the hospice space, with private equity leading the way in terms of deal volume. However, the fee-for-service payment model within the Medicare Hospice Benefit is also a key driver of buyers’ interest. Value-based payment programs have opened up to hospices in 2021. This […]
Private equity firm the Vistria Group has sold hospice provider Agape Care Group to Ridgemont Equity Partners. Financial terms were not disclosed. The deal follows a period of accelerated growth for Agape, which has completed multiple acquisitions in its own right since Vistria purchased the company three years ago. Agape’s footprint covers 45% of Georgia […]
Private equity investors remain bullish on hospice with no signs of slowing down. However, with a number of high-profile transactions completed or in the works during 2020 and 2021, the number of hospices of scale that are likely to come to market is dwindling. During the next few years, PE firms will likely fix their […]
South Carolina-headquartered Agape Care Group has acquired Integrity Hospice in Dublin, Ga. This boosts Agape’s footprint to cover 45% of the Peach State in addition to 46 counties in South Carolina. Financial terms of the transaction were undisclosed. Agape, a portfolio company of the private equity firm The Vistria Group, is pursuing a three-pronged growth […]
California-based Mission Healthcare has acquired the multi-state home health provider Healthy Living Network. This will add 5,000 patients to Mission’s daily census as well as 36 new locations. The transaction furthers Mission’s growth trajectory, which includes the purchase of the Utah, San Francisco-area, and Ventura County, Calif., locations of Silverado Hospice last month for an […]
St. Croix Hospice has made its second acquisition in Illinois, a location of Silverado Hospice. St. Croix, a portfolio company of the private equity firm H.I.G. Capital, first entered the Illinois market with the purchase of Hospice Care of America in April. Financial terms of the transaction were not disclosed. California-headquartered Silverado Hospice is currently […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
